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Trans-Pacific Trade Deal Opens Eastern Front for Neoliberalism

8:49 am in Uncategorized by Michelle Chen

Image: Citizens Trade Campaign

Cross-posted from In These Times.

With the U.S. economy stuck in a constant rut and Europe going into a tailspin, President Obama is looking to escape to the East. While the nations of the Asian Pacific rim face strains of their own, from massive inequality to climate change, their growth rates look positively zen compared to the stagnant economies that used to run the world.

So for the past several days President Obama has been charming Asia-Pacific officialdom, hoping these “emerging” economies can prop up the West’s sagging empires. At home, the White House has sold its vision for the “Pacific Century” as a boon for U.S. jobs, and abroad, he’s looking to consolidate influence over Asian leaders with subtle overtures toward checking China’s regional power.

The centerpiece of this program is the Trans-Pacific Partnership, a trade agreement that would involve Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, in addition to the U.S. While it would build on existing trade ties in the region, critics see it as an unprecedented supersized neoliberal agenda repackaged with the bow of modernization and “development.”

But according to fair trade activists, the deal may end up not only failing to bring significant job opportunities, but laying the groundwork for an economic regime built on offshoring, deregulation and the swapping of national sovereignty for corporatocracy. Read the rest of this entry →

Labor Day Showdown: Can Advocates Stop ‘NAFTA of the Pacific’?

4:27 pm in Uncategorized by Michelle Chen

Cross-posted from Colorlines.com

This Labor Day, the Pacific Rim will wash into the Midwest’s flagship city, and activists will confront the tides of global commerce with a demand for global economic justice.

At trade talks in Chicago, the Obama administration will work with other officials to develop a trade agreement that will incorporate Vietnam, Brunei, Singapore, Malaysia, New Zealand, Australia, Chile and Peru. Labor, environmental and human rights groups will gather in the city to warn that the structure, and guiding ideology, of the emerging trade deal could expand a model of free-marketeering that has displaced masses of workers across the globe and granted multinationals unprecedented powers to flout national and international laws.

The provisions of the Trans-Pacific Free Trade Agreement or Trans-Pacific Partnership (TPP) are still under wraps. But the general outline seems to mimic the North American Free Trade Agreement (NAFTA) and similar pacts that have brought political and economic turmoil to rich and poor countries alike. The new negotiations are also taking place amid political friction over pending trade deals with South Korea and Colombia, which have run into opposition over concerns about labor abuses abroad and offshoring of U.S. jobs. Yet the White House continues to push free trade as a path toward the country’s economic revitalization.

So on Monday, activists with Stand Up! Chicago and other groups hope to get ahead of political deal-making by demanding that any new trade deal give greater priority to environmental, labor, and health concerns. The ongoing trade talks offer a tiny opening for advocates to put forward ideas for making trade less hostile to ordinary people. In a way, they’re taking the Obama administration on its own word, because the TPP has been billed as a “21st century” trade pact that will presumably improve on previous trade agreements.

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